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In a newly expanded role, Reiss will lead a specialized sales organization to help drive growth of the company’s U.S. mutual funds and 529 college savings plans

SEC Chairman notes there have been net redemptions from equity mutual funds every single week for the past four months.

U.S. stock funds bleed $7.6 billion in the latest week; foreign stock funds lose $1.9 billion.

Goldman, Sachs & Co. was founded in 1869 but only this week will the firm begin targeting the mainstream retail-buyer base for municipal bonds.

During his 12-year career with Goldman Sachs, Winegar worked in New York and Hong Kong. He has been in Hong Kong since 2005 and led the legal coverage team for investment banking, capital markets and principal investment areas for Goldman Sachs in Asia, excluding Japan.

Consumers rated JPMorgan Chase, Wells Fargo and Bank of America as the most reputable in a group of 69 banks, a survey by Market Force Information Inc. found.

Investors continue to take money out of stock mutual funds, with outflows nearly doubling in each of the past two weeks.

Allianz survey demonstrates the need to dispel myths and educate on such annuity innovations as access to the market upside.

ETFS Marketing, a division of ALPS Distributors that specializes in exchange-traded fund marketing, investment research and public relations, has hired Patrick Carter for its U.S. sales team as a senior vice president. Carter will specialize in selling the company’s physically backed precious metal suite of products on the West Coast.

Even though 80% of Americans aged 44 to 75 said they would choose a product with a 4% return and a guarantee against losing its value, over a fund aiming for an 8% return but subject to market risk—54% said they would not select an annuity.

Hedge fund performance declined last month, but continued to outperform broader stock markets.

Thanks to record low Aa corporate discount bond rates and declines in domestic and international stocks, U.S. corporate pension plans saw their funding status dip more than 5.6% to 71.3% in August, BNY Mellon Asset Management said.

Vanguard launched an online service that allows individuals to compare income annuities from different insurance companies.

Less than a third of investors are aware of a closing loophole that could allow them to convert a Roth IRA into a traditional IRA.

Besides ensuring orderly pricing in equity markets, outflows from stock mutual funds that have occurred every single week in the four months since the May 6 Flash Crash, for estimated redemptions totaling more than $50 billion, are causing grave concerns at the Securities and Exchange Commission.

Whether you were in the U.S., Canada or Europe during the financial meltdown, the economic effects were felt by every investor class, which in turn, is now forcing many to find alternative means to curb risk and diversify their investment portfolios.

A recent study indicates the housing crisis has worsened an already-precarious financial condition.

Last year was a dud, but year-to-date figures suggest that bank programs are turning things around.

Vanguard Annuity Access is designed for individuals seeking a guaranteed stream of income in retirement to augment their retirement savings and Social Security benefits.

Low interest rates on CDs mean traditional fixed-term assets are in motion.